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Search Results 0 to 49 of about 145 (some duplicates have been removed)
of commerce in los angeles tomorrow it while romney is polling far behind the president, among hispanics that does not mean the republican nominee is without support. here's karen brown. >> reporter: carlos galvan has seen his customers buying habits change. >> if they came in twice a week for groceries, now they are coming in once a week. there are days where sales are pretty flat. >> reporter: galvan's family immigrated from mexico in 1961 and opened amapola deli outside of los angeles. it's now a chain of three supermarkets. >> it's been, you know, the american success story. >> reporter: it's also an american recession story. >> we've cut back on hiring. we try to make people do a little bit more. the word is uncertainty. >> reporter: what's on our mind or what's on my mind is the latino, is chraktly the same as on everybody else's mind. creating jobs and the economy. >> reporter: nina vaca started pinnacle a dallas-based company in her living room and now employ --,000 people and chairs the u.s. hispanic chamber of commerce which will hear mitt romney speak tomorrow. >> it's the gov
an explosion. the u.s. chamber of commerce distributed nationwide to businesses. the chamber of commerce expanded its budget. business round table. now everybody takes it for granted today. it was formed three months after louis powell's memo. businesses expanded their offices lobbying here. then the business power came up when jimmy carter and the democrats were in charge in 19778. turned the whole thing -- 1978. turned the whole thing around. that was the beginning of the story. that was the business rebellion that began to steal the american dream from the middle class. >> oh, gosh. i want to ask you, you know, in a presidential election, an opinion? >> i'm not going to do that. this is not about the election. this is -- we're not going to get to a smart fix in this country unless we understand how we got in the trouble we're in. neither of these guys at the moment are telling you. we're not getting down to the bottom of this thing. this is about people out around the country, in ohio n california, in washington state. it's about how the 401(k) program isn't working. it's about how pe
of commerce along with heads of other departments and agencies to produce a report on enhancing the competitiveness of the united states and attracting foreign direct investment and for other purposes. the speaker pro tempore: pursuant to the rule, the the gentlewoman from california, mrs. bono mack, and the gentleman from georgia, mr. barrow, each will control 20 minutes. mrs. bono: -- mrs. bono mack: i ask unanimous consent that all members have five legislative days to revise and extend their remarks and include extraneous material on the bill. the speaker pro tempore: without objection. mrs. bono mack: i rise today in strong support of h.r. 5910, the global investment in american jobs act of 2012. this legislation directs the department of commerce, in coordination with the heads of other relative federal departments, to produce an interagency report on enhancing the competitiveness of the united states in enhancing foreign direct investments. this is a common sense, bipartisan approach to creating new jobs in america. i'd like to thank my colleagues, mr. told, mr. peters, m
of commerce and interview with telemundo he is expected to hold fund-raising events in utah texas and florida to be seen by some as worse a message in a tight presidential race african american clergy see no good candidate in the race for president won two is a mormon and the other back same-sex marriage. anne mackovic with more. >>> sunday at mount zion church in berkeley for some of that means time to talk politics >>> i don't make recommendations mai on a push to make sure the vote >>> and double a c p is sensing apathy >>> obama won over 95 percent of black voters expected to get an overwhelming majority again but cannot afford to lose much of the base. the president came out in support of same sex marriage. a touchy issue >>> yes it is his >>> mitt romney is mormon a religion that once barred men of african descent from priesthood. >>> for a politician i don't think their religious background or denomination i believe what they can do for the people and at that change in our nation that is what is important sherry >>> this is about rights r i g h t s >>> the president of the in a acp cam
by the energy and commerce committee here in the house. but support for this agenda also requires us to pull the plug on existing programs that simply aren't working. and the department of energy's title 17 loan guarantee program is simply not advancing the ball on an all-of-the-above energy goal. the no more solyndras act, this bill phases out this costly, ineffective and frankly very mismanaged program. the investigation of solyndra uncovered a story worse than anyone could have imagined. it is amazing to me that the administration gave a half billion dollar loan guarantee to a company that its own experts predicted would fail. a company so dysfunctional that it burned through this giant handout and went bankrupt in two years. even worse, when it became clear to the administration that solyndra was in trouble, it chose to double down on the risky bet, gambling even more taxpayer dollars with a desperate loan restructuring instead of trying to cut its losses and move on. solyndra is the most visible but far from the only example of title 17 failures. in fact, it is hard to point to a single
venues. get away from the rallies and talk to, you know, the cincinnati chamber of commerce. he should be -- lou: excuse me? wait a minute, brad, with all do respect, that would be an electric moment in electoral history if he were to move to the chamber of commerce. i respect the judgment mightily, but that one -- >> he needs to speak to serious people at serious venues to talk policy. you don't get that across at a rally or across to the people in a 30 second sound bite. lou: the polls, do they agree on the strengths and weaknesses? do they reveal that? you talk about the seriousness of a moment in which it's captured for free media, but the reality is that there are strengths and weaknesses, it seems, at work here, otherwise, there would be, i suppose, an outright tie between the two. chris, are there stengths that are being revealed here? weaknesses revealed on all of the polls? >> yeah, here's something to keep very much in mind. here's how the electorat looks different in 2008 and 2010 -- lou: i want to be clear, not for the elective, but for the strengths and weaknesses of the t
the hispanic chamber of commerce in l.a. it's his latest attempt to tap into an estimated 12 million latino voters expected to turn out in the election. the romney team hit the road this morning around the same time a less than flattering politico story hit the presses. they asked where is the bain capital romney touted so much on the trail? the romney camp calls it silly process stuff. here at "the cycle" we call it perfect fodder for the spin, right? >> yes. >> first, kudos to politico, because this campaign is notoriously hard to access if you're a journalist not named fox news. politico brought us the most comprehensive look inside the inner workings of the north end, which i preached, even though it was painful to read as a conservative. second, i have a message for my conservative colleagues who seem to be engaging in this circular firing squad. calm down. let's chill out a little bit. this is not the end of the party as we know it. we will not be shutting down the party if romney does not win. and a couple bad weeks on the campaign trail, first of all, are sort of parse and parcel of
the commerce ministry visited the fair. they say there are great possibilities for business in the islam world. >> indonesia, malaysia, thailand, and the rest of the asian countries will be one. so one family, one corporation. and we hope that we can go to the global market in one family. >> reporter: with the world's largest muslim population, indonesia has been enjoying economic growth driven by robust domestic demand. but the country is not only attracting interest as an emerging economy. for the southeast asian countries which aim to increase the asian economy community by 2015, indonesia connects them with other islamic markets. desy tanjang, nhk world, jakarta. >> that will wrap up our bulletin for today. i'm patchari raksawong in bangkok. >>> artists use their work to reflect their perspectives and the world around them. the best among them change with changing times. that's what happened with japan's artist. his painting was once typical of this style, but the march 2011 disaster prompted him to reconsider his approach to his craft. >> reporter: familiar and yet somehow very different.
of commerce and interview with the spanish network telemundo. he will hold events in texas. the awards a message in a tight presidential race some african american clergy see no good candidate in the race for president won who is a mormon and the other back same-sex marriage. anne mackovic with more. >>> sunday at mount zion church in berkeley for some that means talking politics >>> i don't make recommendations might push is to make sure they vote. >>> in a acp is registering people to thousand eight obama 1 over 95 percent of black voters expected to get an overwhelming majority again but cannot afford to lose much of the base. the president cannot and support of same sex marriage, a touchy issue >>> yes it is >>> on the other hand mitt romney is mormon religion that once barred man of african descent from priesthood >>> i don't really think their religious background or denomination i believe what they can do for the people what they could do to effect change in our nation that is what is important >>> this is about rights. >>> the in a act came to stand for proposition 34 to abolis
resales increased 7.8% last month, and the commerce department says new construction was up more than 2% last month from july. the encouraging housing news gave the stocks a lift. the dow jones industrial gained 13 points while the nasdaq gained four points. chick-fil-a apparently is backing away from the controversy over gay rights and marriage. the restaurant chain issue ad statement wednesday saying it had stopped funding organizations opposed to same sex marriage. the company's president sparked a controversy during the summer when he said he opposed same sex marriage. >>> the number of americans facing a penalty for not buying health insurance is much higher than previous estimates. the nonpartisan congressional budget office says the penalty will hit almost 6 million americans, most would be middle class. the figure is 50% higher than the cbo's previous estimate. the average penalty will cost about $1,200. >>> microsoft co-founder bill gates topped "forbes" magazine annual list as the richest man in america as he has in previous years. but mark zuckerberg was the biggest loser on
of commerce in los angeles. a laboring labor walkout that could have hockey fans feel like they're stuck in the middle. the nhl season hangs in the balance and a man things he's got a very bright idea and police say, not so bright. they showed up and didn't end well. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] wells fargo. together we'll go far. >> a major set back for professional hockey players and thei
this week. mr. romney speaking to the hispanic chamber of commerce. the president on univision. everybody agrees they need 38% of the latino vote. right now the president is up two to one among latinos. continuing with kristine pelosi and jackie gingrich cushman and senator evan bayh. can the republican candidate overcome his own harsh, very harsh antiimmigration rhetoric during the primary season and draconian language that broke no compromise, no compassion at all for the undocumented? >> i think it really is a problem for mitt romney but a bigger problem for conservatives and republicans in the future. the demographic wave of hispanics that has hit america is something that is going to be continuing and if conservatives cannot reach out and win hispanic support they are going to be a permanent minority. so mitt romney has got to get serious about this. i think the best way to do that is to talk about legal immigration reform. because the fact is illegal immigration is now down to a 40 year low. and we he could solve illegal immigration if we would simplyn legally, people that we need w
and republican george allen, hosted by the fairfax county chamber of commerce. i am a moderator of today's event. i want to cover the rules of today's event. it will last one hour and will begin with opening statements, and then the panelists and i will pose questions. those questions are determined by the panelists, by us. they have not been reviewed by the fairfax chamber. each candidate will have one minute, 30 seconds to respond, and there will be an additional one-minute rebuttal. i reserve the right to be able to follow up with some questions as i see fit as the moderator. we will end with a two-minute closing statement from each candidate. there is a clock in front of each candidate noting the time. we have the northern virginia no bureau chief -- the northern virginia wrote -- northern virginia bureau chief with us, and there is a man who joined "the washington post" after being with another organization. and a man that attended virginia commonwealth university is with us. let's begin by hearing the candidates and their opening statements. the order was determined by a coin toss earlier
of commerce and sit down with telemundo while president obama arrived in cincinnati, his 12th visit to ohio. his home away interest home. >>> and live from new york, "snl" inaugurates a new president obama. ♪ i so in love with you >> that was fun, right? so, do you want that or this. ♪ eieio >>> good day. i'm andrea mitchell live in washington. with 50 days to go team obama is monitoring an explosive situation across the arab world, while the romney campaign is coping with questions about its internal management today. and whether a team that the candidate is loyal to, can now help him unseat an incumbent president. joining me for our daily fix, chris alyssa, msnbc contributor and mark halperin, senior political analyst for "time" and msnbc. welcome both. chris, 50 days to go, we've got a very close race despite, you know, some advantage for president obama in battleground states. is this the time for the romney team to be doing sort of a postmortem almost as if they've already lost this race? >> i'll give you an uncharacteristically for me short answer, no. you don't want to be talking
of commerce. he's touting his plan for business owners and the middle class while a new ad ratchets up the pressure on a global competitor. >> my plan is to help the middle class. trade has to work for america. that means crack down on cheaters like china. it means open up new markets. next, we've got to balance the budget. you've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations and health care policies that help small business. we put those in place, we'll add 12 million new jobs in four years. >>> meanwhile, we're getting new information about what was supposed to be the critical speech of mitt romney's presidential campaign, the one he gave at the republican national convention in tampa. politico citing unnamed sources says the romney campaign went through two different sets of speechwriters and then used practically nothing from either draft. mike allen and jim vandahai. romney and top strategist stuart stevens, the focus of the piece. allen and vandahai said they were forced to comp
in play. >> reporter: at the hispanic chamber of commerce in los angeles, romney talks jobs and the economy and said hispanics have been especially hard hit by the president's policies. >> over two million more hispanics are living in poverty today than the day president obama took office. >> reporter: romney offered new no new specific proposals but told the hispanic group he would turn things around. >> many hispanics have sacrificed greatly to help build our country and economy and to leave for their children a brighter future. today those sacrifices are being put at risk by a president who can't stop spending. >> reporter: the latest poll shows president obama with a commanding lead among hispanics, 64% to romney's 27%. that's about the same margin the president enjoyed four years ago over john mccain. for romney to win key swing states like colorado and nevada, campaign advisors say they have to get a larger share of the hispanic vote. but romney will leave california and head east without a campaign stop in either state. instead, he will spend tomorrow fund-raising in
that his inclusive message to latinos, like the one he delivered this has been a chamber of commerce is beginning to resonate. >> they see that ours is the party of opportunity. the party that will restore america's prosperity and convinced the republican party is the rightful home of hispanic americans. lou: good news for governor romney in the and the fox news poll. among those described as extremely interested likely voters, the race is effectively a dead heat in key swing states. the romney campaign taking a one-point lead in ohio, tied with the president in florida, down two points, which is within the margin of error in virginia. we will be taking all of that up tonight with wall street legend lew lehrman and we will have breaking details, new evidence and testimony contradicting just about everything that the obama administration has been telling the american people about the murder of ambassadors -- ambassador stevens in benghazi and a senior antiterrorism official directly contradicting the obama administration, calling the assault an act of terror. former cia officer and pu
to make a slow but steady recovery. home resales increased 7.8% last month, and the commerce department says new construction was up more than 2% last month from july. the encouraging housing news gave the stocks a lift. the dow jones industrial gained 13 points while the nasdaq gained four points. chick-fil >>> the number of americans facing a penalty for not buying health insurance is much higher than previous estimates. the nonpartisan congressional budget office says the penalty will hit almost 6 million americans, most would be middle class. the figure is 50% higher than the cbo's previous estimate. >>> microsoft co-founder bill gates topped "forbes" magazine annual list as the richest man in america as he has in previous years. but mark zuckerberg was the biggest loser on the 400 wealthiest americans. he tumbled to 36 on the list from number 14. facebook's lackluster stock price cost him more than $1 billion in net worth. no worry. "forbes" magazine says his net worth is estimated still at almost $9.5 billion. >> had to look down to make sure that was right number. >> not too much
of commerce. it has become one of virginia's most anticipated election traditions. the chamber of commerce debates are known for creatingeak momenr candidates. jon: the colorado movie massacre now, a hearing is underway at this moment in centennial, colorado, at the courthouse there. prosecutors looking to get access to a notebook sent by shooting suspect james holmes to a university of colorado psychiatrist. dan springer is live at the courthouse in centennial. why is this notebook so important, dan? >> reporter: yeah, jon, the holmes hearing began about an hour ago. no cameras in the courtroom, but we did get some video of both the sides of attorneys showing up outside just about an hour ago. that notebook could be very important because it could show a motive, and perhaps more importantly in this case, it could help prosecutors prove that james holmes was sane at the time of the shooting rampage. what's being fought over in court today is whether dr. lynn fenton was still technically treating holmes when he mailed that notebook to her the day before he allegedly murdered 12 people and i
and tuesday. >>> some new economic reports just came out within the last 20 minutes. the commerce department says u.s. retail sales rose .9% in august. outside vehicle and gas sales rose .1%. consumer prices up .6%. that is the first increase since march. higher gas prices accounted for 80%. now a major makeover for usa today is on its 30th birthday. they now have a new logo plus more graphics and photos in its article. users will flip through pages rather than click on links. usa today is america's second largest newspaper. the redesigned newspaper is out today. >>> southwest airlines announced a $10 air fare hike on round flights. southwest cited higher fuel cost for the hike. american, delta, jet blue, and virgin america also matched those increases. >>> all right pam 5:52. it's literally like having a bomb in the bathroom. the reason some toilets may explode. how the pressure is on to put the lid on high pressure toilets. >>> she's the future queen of england and she is topless. the new way kate middleton is making headlines. >>> good morning. expect for higher clouds it will still be mo
change. >> eliot: many of us want you to be chair of merry christmas and commerce. >> thank you. >> eliot: which you were in the democratic alcohol of the house. democratic controlled house. >> i think we can layout the differences of the party. the polls have shown a real bump for obama that did not occur for romney after their convention. the tracking polls show that the people of the country are more likely to vote a democratic member of congress than a republican. there is a lot of this story to be told, but we're on track to making this very close. it is really going to be a race to the wire, and i think if things continue to break our way, you just were talking about the misplay by the romney campaign in libya earlier today. there is this mishandling of issue after issue three weeks ago romney went to an oil baron summit, day after day we're gifted by a very make-prone candidate. >> eliot: ed markey, we'll finally get the clean policy that we need. democratic congress ed markey of massachusetts. we appreciate your fight for all these important issues. the congressman leads the charg
commerce over conflict and if we promote that around the world, the world will be a better place. we have to be there for that to happen. i would not runaway from the money and say we will punish you but we will condition it. if you do not do what we ask, we will take the money away. it is in our best interests. >>chris: congressman rogers thank you for bringing us up to date on the investigation and the situation in the middle east. thank you, congressman. >> now what happens to the middle east policy of the president? that is ahead. to the conversatie come right back. ♪ why not take a day to explore your own backyard? with two times the points on travel, you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ] ♪ [ elevator bell dings ] [ sighs ] how mad is she? she kicked me out. but took the best stuff. i'll get the wrench. ♪ [ male announcer ] kohler's tresham collection. life. with a twist. ♪ >>> i have come here to cairo to seek a new beginning between >> we need to se
the 33rd hispanic chamber of commerce convention in los angeles he would end what he called the obama administration hos silty toward small business. >> national unemployment is 8.1%. hispanic unemployment is over 10%. over 2 million more hispanics are living in post officeerty y than when obama took office. >> he told the business group he would reform immigration policy. unlike the president who promised he would make it a priority. >> the president never offered up a bill. like so many issues confronting our nation, when it comes to immigration, politics have been put ahead of people for far too long. >> team romney argues re-electing the president means four more years of chaos overseas and domestic decline. paul ripe helped dueling iowa cam pape events. ripe delivered entitlement reform speech to the aarp later this week. >> romney is adding new policy adds and selling details and specifics in the plan more now. >> reducing the federal employment by 10% through attrition, combining agencies and departments, to reduce the overhead, i'm going to send a number of programs that are
today before the latino audience the hispanic's chamber of commerce 33rd convention he said those are promises barack obama didn't even keep. watch. >> the president never even offered up a bill. like some issues confronting our nation, when it comes to immigration, politics have been put ahead of people for far too long. >> obama campaign responded saying president obama for the last three 1/2 years fought to get the dream act passed and republic opposition made it impossible, in their view, shep? >> shepard: 50 days to go now carl until the election. carl he says he plans on giving us more detail in his speeches, right? >> it's tacit admission that the he didn't get much of a bounce and the president did get one. they need to restore momentum. what the romney campaign is saying the poll suggests that romney has a plan to right the economy but they haven't heard a lot about it. they would like to hear more. campaign aides held a conference what they will hear from romney in the weeks ahead is the emphasis of the very nature of 5-point plan. he would block grant medicaid back to t
are late commerce to the real obama that we can't afford this in the future. and this, i think, is what the romney campaign really needs to stitch together, that it's his radical past, plus his disastrous present, that is going to usher in, if the people make the wrong decision, a more pair list, bankrupt and unsafe future. >> but look at the last two weeks how things have gone down. you have everything that happened benghazi, and finally now they admit it was a terrorist attack. before they would tell you anything but, just like fort hood was an employment situation. and 15 million more on food stamps, 49 million total. you say he's the food stamp president and you are called a racist. how do you deal with the media, and then they focus on the romney tape, which we now find out has missing minutes. how does he, romney, overcome what is an obvious media bias? >> well, i'll tell you how you don't deal with it. you don't listen to these beltway and manhattan chin pullers, these republican strategists who we should remind people of four years ago were all on the obama bandwagon and now pre
. also joining us, the former u.s. secretary of commerce, carlos gutierrez, who co-chairs mitt romney's hispanic steering committee. gentlemen, thanks very much for joining us. mayor villaraigosa, i will start with you. the president participating in a discussion today in the spanish language network univision, was pressed pretty hard by the anchor, jorge ramos on why he didn't achieve comprehensive immigration reform in his first term. i want to play a little clip of that exchange and let you respond. listen to this. >> translator: may 28th, 2008, we had a conversation in denver, colorado. you told me the following, and i want to quote you. what i can guarantee is that we will have in the first year an immigration bill that i strongly support. >> i confess i did not expect and so i'm happy to take responsibility for being naive here, is that republicans who had previously supported comprehensive immigration reform, my opponent in 2008, who had been a champion of it, and who attended these meetings, suddenly would walk away. that's what i did not anticipate. >> mr. mayor, we know the
committee did an investigation and the report is up on the energy and commerce website. didn't get press. but it was startling how much they were going to be transparent and above board but when it came time to do the work they closed the doors and wrote the bill. >> interesting that he said lobbyist wouldn't have part. doctor, the obama care will affect you dramatically and talk about what ways. >> governor, this act and this law unfortunately, dismembered the very foundation of health care, and that is it the patient/doctor relationship. everything good about care happens between me and my patient in an examine room. four walls and a closed door and the government doesn't belong there. [applause] this bill -- this bill invites the government not just into the room, but into the process, and the decision process. it takes away choice it takes away privacy. imagine your records are now sent to the federal government for their perusement. it is it a, abominable the sad thing is, it doesn't allow physicians to do our job. we just want to be able to do our job. we are professionalings. we w
business here in california. the livermore chamber of commerce president says the repositioning of the comcast jobs is clearly unfortunate but not a death blow to the city by any stretch. new maul is expected to bring economic and employment boom to the area. >>> so they are searching for employee. this maul will employ over 2000 people. not counting construction. >> but comcast employee tell us they are understandably shocked and disappointed by this news. >>> tonight former private investigators who admits to orchestrating a scandal that rocked the contra costa county sheriff's office is headed to prison. laura with the new development in the case against christopher butler. >>reporter: as part of plea deal oakland judge sentenced former private investigators butler to 8 years in federal prison. department recommended more than 12. his attorney says the sentence is a reflection of butler cooperation with investigators. >> the accidents of his cooperation was extraordinary. the accident to which everything he said to the authorities from day one was completely borne out
have always said that change takes more than one term. lou: but can we afford another term? commerce department today revising real second-quarter gdp growth down to an anemic 1.3%. down from the previous of 1.7%. it is the lowest reported growth rate since the third quarter of last year. bad news in the manufacturing sector as well. orders for durable goods plunged more than 13% in august. since the month president obama took office, much worse than economists had feared. alan krueger writing that we are making progress and the last thing we should do, said this economist, is returned to the economic policies that failed us in the past. his predecessor in the white house, austan goolsbee had predicted earlier this year that economic growth is your own 10 year would be a big obstacle to the president's reelection. >> i would say if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will
helped drag down the american economy and experts say it could get worse. according to the u.s. commerce department economy drew 3.1%. that is lower than the government's of -- 1.3% and that is lower than 1.7%. the drought and consumer spending contributed to the drop in the rate of economic growth. some analysts say the drought will continue to hurt the economy for months. republicans claim the numbers show that the president's policies have failed while the white house points out that the economy has grown for a dozen consecutive quarters. according to a new fox news polls of likely voters, 44% approve of the president's handling of the economy compared to 35% two years ago. john reports is following the romney campaign and live tonight but first, let's get to ed henry live outside the white house. you would think the bad economic news would have the president scrambling? >> especially on top of that economic growth number you mentioned which is very weak, durable goods, that came in. it's down 13.2%. washing machines and things that are supposed to last three years. it was the worst d
, the commerce department says that people are spending more and that's good news. and many of us are spending more at the gas pump. because of the higher gas prices, people are selling out more to fill our cars and what does it mean for our economy? jonathan hoenig from capitalist pig hedge fund and cashin' in. >> great to be with you. >> kelly: a mixed bag, on one hand the consumer spent more in august, but most went to pay gas prices a he we talked about and apparently the americans are not spending as much, what concerns about saving more and spending less. >> spending, consumption itself is not inherently a good sign. keep in mind, that was the justification for the stimulus that we spent. we want people spending more, that's gone down the drain. in actuality, consumption is the end of the productive cycle, the wealth is consumed and there's no more of it. we should be looking for any growth in the economy is some signs of production. people making more investments and hiring and that worries me, is that the long-term economic indicator. i'm not a hater. i want positive signs in the econ
the commerce department and what it showed was that the median price of a newly constructed home is at $257,000. that's a jump up 11% from july to august. now, a few reasons for these higher prices. less of a supply of homes on the market and that means more people are going after fewer properties. plus, mortgage rates are at record lows. that's a real good incentive to get people out there to buy. also, an increasing number of buyers. they just haven't been able to find previously owned homes that they like, they are opting to go brand-new and those are traditionally more expensive. victor? >> good news for the housing market. what impact did this have on the overall economic outlook? >> no doubt about it. housing is really a critical component and manufacturing is what pulled us out of the recession and economists, they want to see them pass the baton. that's really important for consumer spending because when people feel like their home is worth more, they feel wealthier and they tend to spend more and that's something our economy needs. a direct correlation with the job's market. people
Search Results 0 to 49 of about 145 (some duplicates have been removed)